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The substitution financing effect of suppliers' trade credit on customers' trade credit in China
Guo, Chun; Su, Wunhong; Song, Xiaobao - In: Journal of business economics and management 22 (2021) 6, pp. 1456-1475
This study investigates the substitution financing effect of suppliers' trade credit on customers' trade-credit using Chinese listed firms from 2009 to 2018. Results verify the substitution financing effect of suppliers' trade credit on customers' trade credit, indicating that firms with higher...
Persistent link: https://www.econbiz.de/10013257261
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Stock liquidity and corporate trade credit strategies : evidence from China
Shahzad, Umeair; Liu, Jing; Luo, Fukai - In: Journal of business economics and management 23 (2022) 1, pp. 40-59
This study investigates the nexus of stock liquidity and trade-credit policies in China from 2002 to 2017. The …
Persistent link: https://www.econbiz.de/10013258463
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Bank Credit and Trade Credit : Evidence from Natural Experiments
Chen, Shenglan - 2019
, using two bank interest rate deregulations in China, we revisit the substitution hypothesis by examining how exogenous …
Persistent link: https://www.econbiz.de/10012863964
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Why Do Financially Constrained Suppliers Provide Trade Credit in China? An Extended Redistribution View
Tian, Gary Gang - 2017
China the SOEs' monopoly market power and suppliers' severe excess capacity force financially constrained suppliers to …
Persistent link: https://www.econbiz.de/10012964225
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Bank Loans and Trade Credit Under China's Financial Repression
Du, Julan - 2009
China has maintained a financial system with favorable treatments toward state-owned enterprises. Albeit having been … denied access to formal financing such as bank loans, China's non-state firms have grown rather fast. China's experience has …
Persistent link: https://www.econbiz.de/10013155248
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A Contest of Payment Contracts : A Structural Analysis on How Chinese Home Appliance Firms Coped with Default Risk of Trade Credit
Watanabe, Mariko - 2018
During the transition period from a planned economy to a market economy in the 1990s of China, there was a considerable …
Persistent link: https://www.econbiz.de/10012937447
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Trade Credit, Ownership and Informal Financing in China
Wang, Xiaoming - 2019
We investigate informal financing such as trade credit in China. The credit for both state-owned enterprises (SOEs) and …
Persistent link: https://www.econbiz.de/10012866287
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Bank Loans, Trade Credit and Export Prices : Evidence from Exchange Rate Shocks in China
Cui, Jingyuan (George); Guo, Xiaosheng; Juarez, Leticia - 2023
This paper studies how the effects of exchange rate shocks on international prices (i.e., exchange rate pass-through) vary with trade credit. We put together a dataset that contains customs data and bank statements for the universe of Chinese exporters for the period 2001-2012. We start by...
Persistent link: https://www.econbiz.de/10014351016
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How Does Credit Information Sharing Affect Trade Credit? Evidence from China
Gao, Haoyu; Zhao, Peixuan; Wen, Huiyu - 2023
Chinese National Enterprise Credit Information Publicity System (NECIPS), a groundbreaking public credit registry in China …
Persistent link: https://www.econbiz.de/10014257176
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Corporate financing under moral hazard and the default risk of buyers
Csóka, Péter; Havran, Dániel; Szűcs, Nóra - 2013
We extend the theoretical model of external corporate financing to the case when the buyers of the borrowing firm may default during the financing period. In our setup there is an asymmetric information and hence moral hazard between the lender and the borrower concerning the effrts of the...
Persistent link: https://www.econbiz.de/10009773078